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Beneficient (BENF) Q3 2025 Earnings Call Transcript

Beneficient (NASDAQ:BENF) Q3 2025 Earnings Conference Call February 13, 2025 8:30 AM ET

Company Participants

Dan Callahan – IR
Brad Heppner – CEO and Chairman
Greg Ezell – CFO

Conference Call Participants

Michael Kim – Zacks
Aashi Shah – Sidoti

Operator

Good day, and thank you for standing by. Welcome to the Beneficient Third Quarter Fiscal 2025 Earnings Webcast. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to turn the conference over to your speaker for today, Dan Callahan. Please go ahead.

Dan Callahan

Good morning, everyone, and thank you for joining us for Beneficient’s fiscal third quarter 2025 conference call and webcast.

In addition to the call and webcast, we issued an earnings press release that was posted to the Shareholders section of our website at shareholders.trustben.com. Today’s webcast, as the operator indicated, is being recorded, and a replay will be available on the company’s website.

On today’s call, management’s prepared remarks may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those discussed today. Actual results and future events could materially differ from those discussed in these forward-looking statements because of factors described in our earnings press release and the Risk Factors section of our Form 10-K and in subsequent filings we make with the Securities and Exchange Commission. Forward-looking statements represent management’s current estimates, and Beneficient assumes no obligation to update any forward-looking statements in the future.

Today’s call also contains certain non-GAAP financial measures, including tangible book value attributable to Ben’s public company stockholders. Please refer to our earnings press release, which is available on our website for important disclosures regarding such measures, including reconciliation to the most comparable GAAP financial measures.

On the call today are Brad Heppner, the CEO

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